The colorful 501, running the Finnish company’s Asha platform, reverses a current smartphone trend by sporting a relatively small 3-inch display. With fairly slow max GSM data speeds, the 501 isn’t designed to do much heavy surfing, but it’s good for basic communications/social functions, equipped with Wi-Fi and has good battery life.
Nokia will continue to focus on Windows Phone, according to a report from Reuters today, which cited comments from Nokia CEO Stephen Elop prior to the company's annual general meeting. Elop said that while the company continues to make adjustments as it goes...
Although the Finland-based company managed to reduce its first-quarter net loss to 272 million euros ($357 million) from a loss of 928 million euros a year earlier, mainly thanks to cost cutting, net revenue dropped to 5.8 billion euros from 7.4 billion euros in the same period last year.
Kicking things off early on the first official day of Mobile World Congress, Nokia made a splash by announcing four new phones. The Finnish handset maker unveiled two new Windows Phones, the Lumia 520 and 720, as well as making good on rumors by showing off two new budget friendly feature phones, the 301 and 105.
Reuters, attributing the news to company sources, reports the Finnish handset maker is turning some of its focus back to low-end products in order to maintain its worldwide mobile phone market share, under threat from Chinese manufacturers like Huawei and ZTE.
Apple moved 27.4 million iPhone 5 units globally in the fourth quarter of 2012, more than any other smartphone and good enough to claim 12.6 percent of the world smartphone market share. A new report from Strategy Analytics said this is the first time the Apple flagship has been sold the most in the world.
Samsung announced a series of smart feature phones, Rex, and have unveiled four models; the Rex 60, 70, 80 and 90. All four phones come with Samsung’s Touchwiz UI on top of touchscreens, with the 70, 80, and 90 featuring capacitive and the 60 featuring resistive technology.
Nokia is protesting an investigation into its tax payments in Indian. Reuters reports that Indian officials are looking into allegations that the Finnish handset maker skipped out on $558 million in taxes. The Reuters report adds that British mobile provider Vodafone is similarly under investigation and trying to settle a $2 billion tax dispute.
Nokia put up fourth quarter 2012 revenue of around $10.7 billion on an earnings per share of $0.08, both of which beat analyst estimates for the quarter. The revenue marked a 20 percent decrease anually but an 11 percent increase over the previous quarter.
Struggling Nokia Corp. is downsizing by more than 1,000 jobs, part of a wide-ranging plan to cut costs and streamline operations. The Finnish firm says it will lay off 300 workers in its IT sector and transfer "some activities and up to 820 employees to strategic partners," India-based HCL Technologies and TATA Consultancy...
Shares of Nokia soared over 20 percent in premarket trading today on revised fourth quarter guidance that estimates the company's mobile devices business has exceeded expectations and achieved underlying profitability. According to a press release, Nokia's Devices...
Nokia Corp. and Canadian smartphone rival RIM have agreed on a new patent licensing pact which will end all existing litigation between the two struggling companies, the Finnish firm said Friday. The agreement includes a "one-time payment and on-going payments, all from RIM to Nokia," Nokia said.
Nokia Corp. plans to sell its head office near the Finnish capital to real estate investors for $220 million as the struggling cellphone maker continues to cut costs. CFO Timo Ihamuotila says the deal, to be concluded later this month, is in line with aims to shed non-core activities, adding that Nokia will continue to operate from the Espoo headquarters "on a long-term basis."
Nokia remains in the red for its sixth straight quarter, with net losses hitting $1.2 billion on $9.5 billion in total revenue, which was down 19 percent year over year.
Nokia's new flagship phone, the LTE-capable Lumia 920, as well as the mid-range Lumia 820 will be hitting AT&T's network next month.
Nokia Corp.'s share price is continuing to fall after the unveiling of the company's first Windows Phone 8 smartphones failed to impress markets and analysts.
Nokia today unveiled its latest flagship phone, the Lumia 920 with PureView image sensor.
Microsoft yesterday unveiled the Surface, a new Windows-based 10-inch tablet aimed directly at consumers.
Nokia bared its soul in the company's annual Form 20-F report to the Securities and Exchange Commission (SEC), revealing a $1.8 billion loss in 2011...
Nokia's long-term credit rating was downgraded to BBB- today by Standard & Poor's Ratings Services...
The company unveiled the 808 PureView at Mobile World Congress (MWC) in Barcelona, Spain.
The FCC's plan to kill LightSquared's wireless service will affect more than the 30-plus companies that planned on using it.
Nokia said today it will lay off 4,000 employees at three factories as it shifts device assembly to Asia...
Nokia's fourth-quarter 2011 earnings were a mixed bag, as the company announced it has sold over 1 million Lumia smartphones since launch and yet...